Crane, Barry County, Missouri Property Taxes
The median property tax rate in Crane, MO is 0.88%, notably lower than both the national median of 0.99% and the Missouri state median of 1.20%. With the median home value in Crane, the typical annual property tax bill reaches $684, significantly less than the national median of $2,690. Property taxes in Crane are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crane's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Crane or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crane, Barry County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$731
$679
Ownwell’s Crane Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Crane with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crane to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Crane, Barry County, Missouri
Property taxes in Crane, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crane is 0.63%, significantly lower than both the Missouri state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Crane set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crane estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Crane's effective property tax rate to other counties in Missouri and the national median. For comparison, the highest median property tax rate in Missouri is 1.46%, while the lowest median tax rate is 0.30%. Understanding how these cities compare with Crane provides valuable insights into the varying tax landscape across Barry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crane Tax Rate
0.88%
Average Barry County Tax Rate
0.86%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crane, Barry County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65633 | 0.75% | 0.83% | 0.88% | 0.94% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Crane, Barry County, Missouri
In Crane, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Barry County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Crane, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price is $83,100, with tax bills ranging from $388 at the 25th percentile to $1,690 at the 90th percentile. The highest and lowest median tax bills are both $684, found in zip code 65633. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Crane, Barry County, Missouri
Source: Ownwell
$50,300
$82,200
$114,100
Average Crane Assessed Value
$83,100
Average Barry County Assessed Value
$82,200
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crane, Barry County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65633 | $26,860 | $46,700 | $83,100 | $121,750 | $193,960 |
Source: Ownwell
Property Tax Bills Across Crane, Barry County, Missouri
In Crane, located in Barry County, MO, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Various factors, including property size, location, and improvements, influence this valuation. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Crane, the median home price is $83,100. Property tax bills can vary significantly, with the 25th percentile at $388 and the 75th percentile reaching $1,060. At the 90th percentile, tax bills can be as high as $1,690. These figures highlight the variability in property tax burdens among homeowners. Compared to the national median property tax rate of 0.99%, Crane's rates reflect a localized approach to property taxation. Understanding these factors helps homeowners anticipate their tax liabilities and plan their finances accordingly.
Average Crane Tax Bill
$684
Average Barry County Tax Bill
$696
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Crane, Barry County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65633 | $231 | $388 | $684 | $1,060 | $1,690 |
Source: Ownwell